Exceptions to limitations, such as the ability to transfer collateral away from creditors, have become more frequent during Covid-19, Rao says. Yes, the idiom can be used when choosing between multiple options, not just two. However, it's typically used when all the options have some negative or undesirable aspect. Adds Pete Trombetta, vice president and lodging and cruise analyst at Moody’s, “It’s very likely that ships being sold today are discounted from the value placed on them a year ago.” Not necessarily. While the literal meaning pertains to harmful substances, the idiom is used metaphorically to imply difficult or unfavorable choices. These choices may not be harmful, but they typically involve some level of discomfort or challenge. If the selected Poison card is unanimous (meaning that all the players selected the same Poison card), each player is awarded one point and the Judge looses two points.

All the players (except the Judge), having been given additional details about the two choices, must now make one. This is done by each player (again, not the Judge) secretly selecting an “A” Choice card or a “B” Choice card, matching the card letter with their Poison card choice on the game board. Optionally, a player can decide to play the Double Down card. If playing with an odd number of players who would be voting with their Choice cards, the Judge player gets to vote, too. This ensures that the Judge has an opportunity to always score three points if there is a tie. The game continues as noted above until one player has scored 15 or more points at the end of the round. This ends the game and the player with the most points wins. The game rules suggest the game ends as soon as a player scores 15 points, but we found it to be more fun to complete the round.

Other/Different Ways to Say "Pick Your Poison"

Another clear trend we have identified is that issuers are creating more documentary flexibility for themselves, to prevent a default in a stressed scenario,” Rao says. Once all the players have selected their choices, they play them to the table in front of them, alongside their Double Down card if they so choose. The round is now scored. When a Double Down card is played and the player scores zero points in the round they lose their Double Down card for the remainder of the game. Reveal There are a small number of game variants included with the rules. Any number of them can be added to the game. Each are summarized here.

Three or more players compete to create the hardest scenario possible by combining two Poison Cards (300+ included). If you’re only interested in receiving the newest games this is the box for you; guaranteeing only the latest games! Buy New Releases Box » Having now selected two opposing and not super great outcomes, the players have an opportunity to ask the Judge questions regarding the poisons to be quaffed (figuratively speaking). The questions should be scenario based. For example, a player could ask “if I had infant arms, would I be able to use them as well as I use my own arms?” or “can I have the walrus tusks removed by a dentist?”. The Judge answers these questions however they like, further elaborating the complexity of the choices before the players.The Judge chooses a Poison card from their hand and places it face up on the A spot on the game mat. This is card A for the rest of the round. The pandemic saw stressed issuers like Carnival, Norwegian Cruise Line and United Airlines make creative use of their assets such as ships, islands and airplanes to raise liquidity when they needed it,” says Shweta Rao, UK-based senior director and head of Europe, Middle East and Africa (EMEA) Covenants at Reorg, a global financial and legal intelligence provider. Carnival used its fleet of cruise liners to secure high-yield notes; United, Delta and American Airlines pooled planes, spare engines, mileage programs, brands, slots, gates and routes; and AMC Entertainment collateralized its Odeon movie theaters. I'm going to attempt Fortnightly. This looks like a great challenge and I hope to incorporate it with others I have signed up for and actually read more than the 26 but trying to be cautious for now

When you use this idiom, you mean that you or someone else should make a choice, even if all available options are undesirable. Over the past few years, covenants in new leveraged loans and high yield have traveled in one direction only,” says Rao: “to become more accommodating for the issuer, generally to the detriment of bondholders and lenders. Surprising to some, this direction of travel was not reversed or even halted by the pandemic. Covenant erosion in 2020 for primary market issuances continued unabated.”If there is a split decision, the Judge is awarded one point for each player who did not vote with the majority. In the past 15 years, global peacefulness has fallen by more than 3%. Old and new conflicts, the pandemic and our political and cultural polarization are the main culprits. Point is, if primary markets were exuberant in the worst of times, it’s not a stretch to believe they will only become more exuberant as global economies recover,” says Peter Washkowitz, senior director and head of Americas Covenants at Reorg. Global Finance editor Andrea Fiano interviews Ásgeir Jónsson, Central Bank Governor of Iceland during Global Finance's World's Best Bank Awards at the National Press Club in Washington, DC on October 15th. It's always an excellent service with brilliant products at a very competitive price - will use again!